Line Relocation Allocation cost BUSINESS PRACTICE ATC will allow the transfer of its transmission lines with structures and facilities associated with the demand of interested third parties. The description affects the ability of both parties to terminate the contract and should be specific enough to allow the parties to understand the intended functions and roles of management and, in general, generally enough to permit changes in the entity or its activities that may occur over the life of the year. [d) stock options. The Company intends to grant executive options (the “options”) to the acquisition of shares [number] of the stock [company name] in accordance with the [name of the stock option plan] (the “plan”) subject to the terms of the plan and an unqualified stock option agreement between the executive and the company (the “stock option contract”). The exercise price of the options is the fair value of the company`s stock at the time of award, set by the company`s board of directors or compensation committee. All additional options granted to the executive are subject to approval by the Board of Directors and/or the Compensation Committee.] a) General. The period of employment is valid for the period provided for in Section 2, unless the employment and this contract are terminated earlier in accordance with the provisions of this section. (d) denunciation by the executive for a good reason. Management may, at any time, terminate management`s commitment for “a good reason” during the term of the employment by providing the company with a prior written notification indicating the reasons for termination and after the company`s inability to heal the schedule within 10 calendar days of receiving this notification. Management employment ends at the end of these ten (10) calendar days if the company has not cured the reason for the termination of management within that period of ten (10) calendar days. For the purposes of this agreement, “good reason” means the appearance of one of the following: (i) the undertaking that requires the executive to take part in an unlawful act; (ii) an involuntary transfer of the management`s residence, requested by the company, or a transfer of the company`s office that would significantly increase the movement of executives to work (which would in fact amount to involuntary relocation); (iii) the assignment of duties that are essentially consistent with the executive status of the company or a significant change in the nature or status of the executive`s responsibilities from the date of that activity or functions may reasonably be changed from time to time; or (iv) a reduction by the company of the total amount of cash compensation (without incentive pay) that takes effect on the date of the agreement. A lawyer is available for free consultations on priorities to discuss this document and much more.
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